GM said the IPO likely in the final price high or above

General Motors could sell the IPO next week, above the forecast price range and exercise of an option to increase the size of the IPO amid signs of strong demand, two people familiar with the deal said. The six receiving GM executives have received from investors on the tour this week to promote the IPO has been strong enough to sell the shares at the top of the range offer of $ 26 to $ 29 or more $ 30, said the people, who declined to be identified because the information is private. SAIC Motor Corp., GM's partner in China, will probably be one of the buyers, three people familiar with the plans said. GM likely to exercise its call greenshoe...

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China's annual $ 26 billion Bill diabetes is triggered, researchers say

related to diabetes, medical costs in China, estimated at 173.4 billion yuan ($ 26 billion) a year, fires in 10 to 20 years of 100 million patients seeking treatment and care for ailments related, as renal failure, stroke and blindness, health officials said. Diabetes accounts for about 13 percent of medical costs in China, the International Diabetes Federation, said in a statement distributed before a press conference today in Beijing to mark World Diabetes Day. The finding is based on preliminary data from a national survey completed in August. China diabetics report three to four times more hospitalizations for patients and visits to the emergency room, than people without the condition, scientists at the Brussels-based federation and the Chinese Society of Diabetes, said. The investigation...

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The euro fell further against the dollar in three months on Sovereign-Debt Turmoil

The euro fell further against the dollar in three months on concern that so-called peripheral countries of Europe will have trouble paying its bondholders. The dollar gained ground against all 16 most-traded counterparts this week as risk-averse investors seeking a refuge. The euro trimmed its loss of five yesterday on speculation the European Union is going to rescue Ireland, while the Group of 20 leaders at the summit agreed on the development of early warning indicators to tackle the global economic turmoil. U.S. Consumer prices rose 0.3 percent last month, a report next week may show. "The focus is particularly on the periphery," said Aroop Chatterjee, a currency strategist at Barclays Plc in New York. "The problems of the euro area have returned to the forefront. There was little conviction...

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U.S. urged China to let the yuan rise before the planned visit of President Hu Jintao

U.S. urged China to let the yuan rise before the planned visit of President Hu Jintao to Washington in January, setting a deadline for the results after the Group of 20 leaders failed to reach a broad agreement on currencies. Hu's U.S. visit "Is an important moment to see exactly what the amount of progress has been" on the reforms of the Chinese currency, national security adviser Thomas Donilon told reporters today in Yokohama, Japan. The pace of movement is a "sovereign decision" and the U.S. "No doubt looking for." The U.S. push for quick action came a day after President Barack Obama intensified his criticisms of the policies of China, called the yuan "undervalued" in the G-20 summit in Seoul. The leaders failed to agree on a remedy for the economic imbalances that threaten the global...

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reformatted version of a statement issued today by leaders of the Group of 20 after talks in Seoul Meeting.

The following is a reformatted version of a statement issued before yesterday by leaders of the Group of 20 after talks in Seoul. SUMMIT OF THE G-20 SEOUL STATEMENT OF LEADERS 11 a 12 November 2010 1. We, the leaders of the G-20, are united in our belief that working together we can achieve a more prosperous future for the citizens of all countries. 2. The first time we met in November 2008 to address the worst global recession in our generation has faced, we are committed to support and stabilize the world economy, while laying the foundation for reform to ensure that the world will never face such problems again. 3. In the past four Summits, we have worked with unprecedented cooperation to break the dramatic fall in the global economy to lay the foundations for recovery and renewed...

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Bernanke's Stimulus Plan Bond pummels Northrop, Wal-Mart

Federal Reserve chairman, Ben S. Bernanke's latest plan to stimulate U.S. economy is hitting investors have the longest maturity corporate bonds. The price of the debt to 30 years of Northrop Grumman Corp., the biggest U.S. shipbuilder Marina, has fallen 4.2 percent since 02 November, the day before the Fed announcement. Wal-Mart Stores Inc. bonds due 2040 fell by 3.6 percent in the period near the lowest level since Bentonville, Arkansas-based retail securities sold last month. U.S. corporate bonds due in 15 years or more have lost 2.5 percent since the Fed agreed to buy 600 billion U.S. dollars of U.S. Treasuries, compared with a decline...

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Treasuries fell & One report showed that consumer prospects improved in November for the first time in three months.

Treasuries fell, with yields of two years into account the maximum increase in six months, European leaders will reinforce speculation the most indebted nations in the euro area, reducing the demand for security. Irish and Portuguese bonds joined as Treasury bonds rose more than 10 years two months. One report showed that consumer prospects improved in November for the first time in three months. The Federal Reserve bought $ 7,229,000,000 of Treasury as the central bank embarked on a second round of unconventional monetary easing to reduce unemployment and prevent deflation. "The European situation is less worrying because there have been reports of a possible rescue of Ireland, which has allowed for greater performance," said Prakash Suvrat, interest rate strategist in New York unit of...

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Ireland urged to take the help of staff amid debt crisis

Germany is pressing to Ireland to seek help before the November 16 meeting of European finance ministers to calm market volatility and gain agreement on what investors to help pay for future bailouts, a German government official said. Unless the concerns of investors about a defect of Ireland dissipated, the plan of Chancellor Angela Merkel to require investors to take the depreciation on sovereign rescues as part of a mechanism of crisis, the resolution will come into force in 2013 be jeopardized, said the official, who requested anonymity because the talks are private. Merkel has met publicly with the European Central Bank President Jean-Claude Trichet, on the permanent facility, which will be developed by mid-December, Trichet said investors needed to take losses in a sovereign rescue...

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